Maximize Tax Savings at Year End
Posted by Lisa Toner on Thu, Nov 10, 2011 @ 06:16 PM
Remember to spend your year end surplus to maximize tax savings and organizational effectiveness.
The Year end is quickly approaching. Do you have a plan for the rest of your departmental or corporate budget? Don’t get caught out like so many others do. Make an investment on something that will be a key influence on the future success of the company.
Depreciation rates for software are very aggressive and the tax benefits are maximized the closer you purchase to a fiscal year end. CRA rates for Capital Cost Allowance on software are as high as 100% (Class 12). Of course the standard ½ year rule on capital purchases reduces this to 50% in the year of purchase. Ultimately a software purchase on December 31 for $ 20,000.00 can provide a $ 10,000.00 reduction in taxable income even though the software has actually been used for only 1 day in the year.
Purchase for the long-term and Invest in your IT software and services for maximum output, efficiency and organization within the company.
Plus can help you feel confident that you are making a good investment for future growth in 2012. Many people will tell you that investing in business management software is a great strategy for growth but can be a large spend and often goes over budget. There are some horror stories out there from companies going way over budget only for the software not to fit their requirements in the end. We understand that this can cause hesitation in purchasing software but we don’t believe that success should be restricted by fear.
Our mission at Plus is to eliminate these fears through our Plus Pillar Methodology. We begin all of our implementations with a Confidence Boost. We start by assessing your needs, processes, and current use of management software and technology which allows us to truly design a system that works for you.
We work with you to ensure that your business management software solution is designed in a manner that will provide maximum value to your unique businesses. This process works to instill in you the confidence and belief that our software will be the perfect fit for your business.
After performing the Confidence boost, Plus will be able to provide you with a Fixed- fee pricing schedule for the project. With no fear of going over budget and our 100% Money-Back Guarantee, you will be confident to proceed to the next step of the process.
We suggest you use your budget surplus and tax savings to get a deeper insight into your business. Invest in upgraded systems, automated manual processes and reduced costs in the long run. Invest in your success for 2012 with Plus Computer Solutions.
Find out more about Plus and our Software Solutions at www.plus.ca